Author: GMX USER

15 May 2019

Vacancy – Senior Corporate Lawyer

The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.

Responsibilities:

  • Providing legal advice and legal opinions;
  • Drafting, revising, negotiating and concluding agreements;
  • Drafting / preparing corporate documents such as M&As, resolutions, MFSA forms, pledge agreements etc.
  • Assisting with all corporate ventures such as incorporation, mergers and acquisitions, share transfers, registration of mortgages over vessels, licensing, etc.
  • Liaising directly with the Maltese Registrar of Companies, MFSA, Inland Revenue Department, Registry of Ships  and other national and international governmental authorities;
  • Assisting with reporting requirements to local and overseas regulatory authorities, Undertaking any ad hoc projects as may be required from time to time;
  • Provide training both in-house and to third parties in related sectors;

Requirements:

  • University degree in law (LL.B / LL.D); a Master’s degree (LL.M) will be considered advantageous;
  • A minimum of 5 years of corporate law experience, whilst experience in maritime and tax law will be considered advantageous;
  • Excellent written and verbal communication skills in English, whilst other languages will be considered advantageous;
  • IT literate, with experience of Word, Excel, PowerPoint, database management and other major software applications;
  • Ability to deal with a multi-cultural work environment and client base;
  • Keen to develop his/her experience through training, qualification and continuing professional development;
  • Strong interpersonal and organisational skills and ability to perform under pressure;
  • Experience in negotiating, drafting and closing complex commercial transactions;

Good to Have:

  • Court experience will be considered advantageous
  • Experience in tax, maritime and company law
  • Be pro-active and willing to learn further and develop skills

The chosen candidate will be given exposure to clients in different industries and jurisdictions. S/he can expect a continuous emphasis on intellectual growth and skills development.

Get in touch and let’s discuss further! Send your CV on hr@gmint.com

6 May 2019

The Way Forward: Gender Neutrality and Gender Inclusion

The principle of equality between men and women is a fundamental value constantly on the European Union’s agenda.  Ample EU institutes, programmes, and legislation provide for gender equality, and case law of the Court of Justice of the European Union (‘CJEU’) reaffirms the progress made in this respect.  On a member state level, the enactment of gender neutral laws (particularly in the fields of inheritance law, marriage law, and employment law), may be considered as having reached its culmination in a number of EU member states, in the legal recognition of non-binary people.  In turn, the European Parliament is now actively seeking to bring language evolution at par with gender inclusive legislation.  

In fact, such far-reaching legislative measures are both reflective of and a driving force for cultural developments.  Linguistic developments, particularly politically correct terminology, illustrate cultural shifts. Yet EU gender inclusive legislation is galvanising the transition from gender discrimination towards gender equality by actively promoting gender neutrality and gender inclusion.

The impending need to cater linguistically for gender neutrality and gender inclusion is being progressively addressed by the European Parliament, particularly through its guidelines on ‘Gender-Neutral Language in the European Parliament (the “Guidelines”) issued on July 2018 and its most recent resolution ‘Gender Mainstreaming in the European Parliament on 15th January 2019 on gender mainstreaming in the European Parliament (the “Resolution”). 

In terms of the ‘Gender Identity, Gender Expression and Sex Characteristics Act’[1], Malta has been at the forefront in providing for such legal recognition[2], entitling Maltese citizens the right to request a change of one’s recorded gender in order to match the person’s self-determined gender identity.  Identity Malta issued its first ever gender neutral ID card and passport in January 2018, identifying an individual with the neutral gender marker ‘X’ instead of the traditional ‘M’ or ‘F’[3].  Contrastingly, in the same year the UK High Court ruled that the refusal to issue gender neutral passports is not illegal[4].

Gender neutrality seeks to avoid gender bias while gender inclusion attempts to consider each and every gender[5].  Certain social media platforms recognise well over fifty gender options[6].  While such matters may be legislatively catered for through the use of an ‘X’ in official documents, closing the gap from a linguistic point of view may require a longer period of time, necessitating not only a change in legislation, but even a change in mind-set. 

A reading of the Guidelines indicates that the said may be more inclined towards addressing the eradication of gender discrimination between men and women.  There is no mention of non-binary people throughout the Guidelines; hence to a certain extent the Guidelines cater for a multitude of genders only indirectly through the promotion of gender neutrality.  The General Secretariat of the Council of the European Union tentatively seeks to provide for such unchartered territory; mentioning non-binary people in its inclusive communication guidelines[7].  Nonetheless, the main focus remains on bridging the gap between males and females. 

Bearing in mind its multilingual working environment, the European Parliament highlights and focuses upon (i) the generic use of the masculine gender; (ii) names of professions having male connotations; and (iii) the use of titles indicating a woman’s marital status, as issues which are by and large common to most European languages.  While the Guidelines are addressed towards parliamentary publications and communications and do not cater for legislative drafting, tackling the generic use of the masculine gender may nonetheless prove to be a tough nut to crack, considering the fact that such practice has since time in memorial, been epitomised in legislation itself. 

In light of the context of gender neutrality and gender inclusion, the so-called immortal declaration of “all men are created equal” back in 1776, may no longer be considered as such.  Interpretation acts across the globe (such as the Maltese Interpretation Act[8]) have followed suit, specifically providing that “words importing the masculine gender shall include females”.  The European Parliament recommends the avoidance of the generic use of ‘man’, ‘he’, ‘his’ and other similar terms.  The use of male generic terms, while being grammatically correct, do not convey as much diversity as other pronouns such as ‘they’[9]. In the Guidelines, combined forms (s/he) are discouraged while the alternative use of ‘he or she’ is suggested, provided that this is done sparingly without much repetition.

Despite being geared to address parliamentary publications and communications, the Guidelines may also prove useful within the field of employment by recommending gender neutral drafting of vacancies.    Furthermore, the European Parliament also suggests the use of gender-neutral job titles as alternatives to gender-specific professions.  Ideally, gender-specific terms such as ‘fireman’, ‘air hostess’, ‘chairman’ and spokesman’ are respectively replaced by ‘firefighter’, ‘flight attendant’, ‘chair’ and ‘press officer’.  Needless to say, certain languages, such Maltese and German, being grammatical gender languages, do not easily accommodate gender neutrality.

Moreover, the use of titles denoting a female’s marital status such as ‘Miss’, ‘Fraulein’ and ‘Mademoiselle’, have been perceived as frustratingly irksome, to say the least, particularly in light of a lack of an equivalent term denoting marital status for ‘Mr’, ‘Herr’ and ‘Monsieur’.  The European Parliament recommends the replacement of such marital indicative titles by ‘Ms’, ‘Frau’ and ‘Mademoiselle’, provided that the person does not specifically wish to be addressed otherwise.[10]

In point of fact, gender neutral language may prove to be rather controversial.  Suffice to recall the French declaration in October 2017 wherein gender neutral language was deemed to be an ‘aberration’, placing the French language into ‘immortal danger’[11].  Arguments against gender neutral drafting include the alleged triviality behind it, the rigidity of legal language, the aesthetical aspect, and the alleged confusion[12].  In actual fact, both gender biased language and gender neutral language may be perceived as ambiguous[13].

Despite all arguments against gender neutral language, this modernised way of writing is in all likelihood here to stay.  While welcoming the Guidelines, amongst others, the Resolution demonstrates Parliament’s intention of moving on to addressing gender equality in relation to all genders.  Gender mainstreaming is defined as “addressing the rights, perspectives and well-being of women, girls, LGBTIQ people and people of all gender identities”.  Although the tremendous progress achieved in gender equality cannot be disregarded, gender discrimination and gender stereotypes still prevail.  The Resolution stresses that that gender equality is suffering major setbacks on both European as well as on local state levels. 

Gender neutrality and gender inclusion in the language ultimately necessitates awareness, knowledge and a commitment towards achieving the same.  A strenuous challenge in gender neutral drafting lies ahead but manning up is most certainly not the way to go about it. 

[1] Chapter 540 of the Laws of Malta

[2] Other jurisdictions across the globe include Austria, Denmark, the Netherlands, Germany, India, Australia, and Uruguay.

[3]<https://www.maltatoday.com.mt/news/national/83920/malta_releases_first_passport_with_neutral_x_gender_marker#.XGVoa-hKjIU> accessed 14 February 2019

[4] <https://www.standard.co.uk/news/uk/genderneutral-passport-case-to-be-appealed-in-the-high-court-a3985106.html> accessed 14 February 2019

[5] Constanza Toro, ‘Gender neutral drafting: Gender equality or an unnecessary burden?’ [2018]

[6] <https://www.telegraph.co.uk/technology/facebook/10930654/Facebooks-71-gender-options-come-to-UK-users.html> accessed 14 February 2019

[7] General Secretariat, ‘Inclusive Communication in the GSC’, [2018]

[8] Chapter 249 of the Laws of Malta.

[9]Josefine Bjørnson, ‘Gender-Inclusive Language in English’, [2017]

[10] While certain countries, such as Malta may prefer the use of ‘Ms’, other countries, such as Greece, may prefer the adoption of the term ‘Mrs’ even for unmarried women, finding the former offensive nonetheless.  

[11] <https://www.euronews.com/2017/11/21/french-prime-minister-says-non-to-gender-neutral-language> accessed 14 February 2019

[12] Toro (n 6).

[13] Ibid.

2 May 2019

Immutability in a smart contract: a blessing or a curse?

Smart contracts are contracts which are written in computer code on a blockchain according to the terms set out by the parties to such contract and which are self-executing in the manner pre-determined by said code.  Nick Szabo, known for being the creator of smart contracts, famously described them as “A set of promises, specified in digital form, including protocols within which the parties perform on these promises”[1].  He also used the “vending machine” analogy, hailing it as being the “primitive ancestor of smart contracts”, to further explain the way they work by noting that the machine takes in coins, and via a simple mechanism, dispenses both change and product fairly.

The most salient characteristics of smart contracts include:

  • Autonomy: This implies that once the deal has been set and the smart contract has been set into motion, it will take place with no participation by the parties.  This guarantees that the promised obligations would be executed as planned, e.g. in the case of a sale, provided that the contract is coded correctly, there cannot be any doubt that the funds would be transferred without a transfer of title or vice versa.
  • Accuracy: Since the smart contract operates in a pre-set manner and without the need for human intervention, there is no room for human error.  Said possibility for error is also reduced since the smart contract replaces heaps of paperwork that are normally required to execute a transaction.  Once again, this benefit only exists provided that the code is written correctly.
  • Immutability: Once a smart contract is deployed, the code cannot be changed by a party unilaterally.

The immutability feature is hailed by many being as a blessing since the performance of the contract is guaranteed to take place in exactly the same manner in which it is coded; the contract does not allow for any modifications and/or reversal.  Furthermore, unless programmed to do otherwise, it will remain on the blockchain forever and cannot be misplaced or lost.  The history of the transactions forming part of the contract is also recorded on the blockchain forever and thus this too makes for greater transparency and safekeeping.

However, the dark side of the immutability concept in smart contracts lies mainly in the fact that in the event of any errors made in the code, the immutability feature of a smart contract prevents it from being rectified.  Should a weakness or error in said contract be detected following deployment of the contract, the latter would simply have to continue to run its course with potentially devastating consequences.  Similarly, in the event that circumstances change, also requiring an amendment to this contract, this also cannot be done. 

Apart from these being negative factors in themselves, they lead to further negatives in that they give rise to the need for extensive and possibly expensive reviews of the smart contract prior to its deployment since they would be impossible to alter should the need arise. 

[1] Nick Szabo: “Smart Contracts: Building Blocks for Digital Markets”, (1996)

26 Apr 2019

Vacancy – Audit Assistant

Are you looking for a challenging and rewarding career in Audit?

RESPONSIBILITIES

Reporting to the Audit Manager the responsibilities will include:
• Provide support to Audit Seniors
• Perform assigned audit work based on a risk-based approach and identify audit issues
• Review accounting systems and controls and identify any weak areas
• Prepare audit documentation in accordance with International Auditing Standards
• Establish working relationships with clients and business partners
• Producing work for Partner review – clearly highlighting issues and providing potential solutions to issues identified

EDUCATIONAL BACKGROUND

Already embarked on the ACCA professional qualification, and/or holds a degree in Bachelor of Commerce

SKILLS SET REQUIRED
• Prioritise and manage a busy workload effectively, often under pressure
• Computer literacy (MS Office suite of products, especially MS Excel)
• Self-motivation/work under own initiative
• Team player with an enthusiastic/positive outlook
• Communication/Interpersonal (written and verbal) with strong client handling skills and the ability to develop good relationships with clients and other professionals
ELIGIBILITY

EU citizen or prove eligibility for full-time work in Malta

HOW TO APPLY

If you would like to join our dynamic team of professionals, please submit your résumé to by sending an email together with a detailed CV to the HR Manager HR@GMINT.COM.

22 Apr 2019

Earth Day 2019

“It’s important to care for our environment everyday , but if one day is all you need to start, then April 22 should be the beginning of a greener you!’– Earth Day Network

Making your Law Firm Greener.

Earth Day  is observed annually on April 22. Celebrated since 1970, it is a day held to promote environmental awareness and calls for the protection of our planet. It has blossomed into a day to promote the importance of green energy and the reduction of pollution. Having become more eco-conscious people today galvanise policy changes particularly in the fight to solve climate change, ending plastic pollution and protecting endangered and threatened species across the globe.

We must work TOGETHER to prevent the sixth mass extinction. Recycling is one of the ways to save the environment. People often find themselves recycling at home, but are not bringing the same practices into the office. You would think that since most people spend at least 8 hours a day in the office, they would ponder on recycling everything.

Is your law firm environmentally friendly?

We at GMX believe that it is our social responsibility to give back, which is why Earth Day is important to us. We wanted to share with you the ways that you can help the environment by making your office a bit greener this year!



At GMX, we have taken these 3 steps. Executing these simple steps is easier than you think! All it takes is the motivation to switch to greener solutions.

1. Minimize Unnecessary Printing.

2.Reduce the number of plastic water bottles by providing a water cooler. This encourages employees to communicate more, while encouraging them to keep hydrated!

3.The last easy way to reduce your carbon footprint is to turn off office lights and all electronics at the end of the day. Reducing your electric bill is also great for the environment!

17 Apr 2019

The Predicted End of Fiat Currencies

Billionaire and crypto investor Tim Draper envisages a radical overhaul in payment systems; predicting that cryptocurrencies will replace fiat currencies within the next five years.  Following the unprecedented announcement by the first major bank to have ever created its own digital coin, the ‘JPM Coin’, one wonders whether such an endorsement of blockchain technology by a credit institution is the first step in a series of events which will ultimately lead to Draper’s prediction becoming a reality in the not so distant future. 

This prediction was expounded during an interview held on 18 February, 2019 with American financial news TV channel Fox Business[1] during which Draper explained that cryptocurrencies will be used for any day-to-day mediocre transactions, emphasizing that only criminals will want to continue in dealing in cash.  As a result, fraudsters and criminals resorting to cryptocurrencies will end up being caught since only cash offers total anonymity.  The notorious Silk Road case[2] amply demonstrates that cryptocurrencies, despite having gathered negative money laundering connotations, are nowhere close to being as anonymous as any liquid cash. 

In fact, in an attempt to ensure that cryptocurrencies do not bypass legislation, the European Securities and Markets Authority (‘ESMA’) while pointing out money laundering amongst one of the significant risks of crypto-assets, believes that all crypto-assets and related activities should be subject to anti-money laundering regulation[3].  Such a regulatory measure would rubber stamp Draper’s prediction.

Another praiseworthy characteristic of cryptocurrencies noted by Draper, concerns the security surrounding cryptocurrencies.  Draper observed that cryptocurrencies are more secure than money stored in banks, given the fact that banks are constantly under hack attacks.  The very recent BOV cyberattack in February and its far-reaching potential repercussions serves to strengthen such an argument. 

Despite the 2018 cryptocurrency crash, Draper assertively predicts that “the future is Bitcoin and other cryptocurrencies”.  The projected change within payment mechanisms is far from being Draper’s first astounding prediction.  Less than a year ago, Draper had anticipated that governments would be going virtual within the next five to ten years as a majority of governmental services will be provided virtually due to blockchain technology and cryptocurrencies.  Given the capability of blockchain technology to affect the largest regulatory authorities in the world, Draper had envisaged governments to start utilising blockchain technology in an attempt to “compete for us”.

Without going into the issue of whether governments will indeed go virtual it is worth observing that governments have already started shifting their focus to consider possible uses of blockchain so as to provide citizens with more effective governmental services.  Potential uses for blockchain technology by governments include supply chain, health records, transportation and voting.  Meanwhile, the European Union Intellectual Property Office (‘EUIPO’) is currently investigating the process of combating counterfeiting through blockchain[4].   

On a local level, in the 2019 Maltese Budget a commitment to continue building on the strategy for blockchain technology was announced.  Furthermore, moving on from last year’s hype of the ‘blockchain Island’, the government’s focus is now shifting towards providing a regulatory framework for Artificial Intelligence (‘AI’).  In this respect, the government will be enacting a bill giving a decentralized autonomous organization (‘D.A.O.’) its own legal personality; another innovative first which will be attributed to the blockchain Island.

In light of such initiatives, Draper’s prediction of virtual payment systems does not remain otherworldly.  Nonetheless, the prediction has undoubtedly been met with mixed reactions.  While governments may be in a rush against time to adequately cope with this revolutionary prediction/reality, crypto investors are at a loss as to whether transferring Bitcoin into fiat currencies is the equivalent of “transferring gold into shells”[5].

[1] <https://www.foxbusiness.com/business-leaders/billionaire-tim-draper-reacts-to-jamie-dimon-launching-his-own-cryptocurrency> accessed 11th March 2019

[2] Decided on 31st May 2017 by the United States Court of Appeals, Second Circuit:

<https://caselaw.findlaw.com/us-2nd-circuit/1862572.html> accessed 11th March 2019

[3] European Securities and Markets Authority, ‘Advice – Initial Coin Offerings and Crypto-Assets’, [2019]

[4] <https://euipo.europa.eu/ohimportal/en/news/-/action/view/4963920> accessed 22nd February 2019

[5] Fox Business (n1).

5 Apr 2019

GMX at the ELSA hosted Corporate & Finance Law Conference on 5 April 2019

The legal requirements pinning the corporate world open windows to several fascinating case studies which illustrate the law in practice and the ever evolving nature of legislation resulting from the impact of given verdicts. Referring to case studies inevitably offers much food for thought and debate among lawyers. What is even more significant is the impact of the real world on stakeholders which is why it is important for lawyers to come together and share their insight and opinions.

The ELSA hosted 3rd edition of the Corporate & Finance Law Conference held at the Urban Valley Resort & Spa in Kappara is one such occasion and as main sponsors of this student organization, Gauci-Maistre Xynou (GMX Law Firm), contributed to the stimulating discussion focusing on the legal requirements of share capital for both public and private companies as well as creditor protection in Malta.  

Dr. Daniela Gaffarena, Junior Associate at GMX, brought her perceptiveness and work experience to comment upon the intricacies underlining the various mechanisms of creditor protection under Maltese Law including: the lifting of the corporate veil complementing beyond diligence procedures, capital maintenance doctrine and the distinction between fraudulent and wrongful trading practices. She also referred to a number of case studies to illustrate her take on company recovery procedures and why this is crucial for companies to plan ahead.

Dr Gaffarena’s participation is very much in line with GMX company policy of promoting the sharing of knowledge and learning from other people’s experiences so as to consolidate and enhance the sterling advice it gives to its clients.

12 Mar 2019

Malta Financial Services Authority partners with CipherTrace for Crypto Transaction Monitoring

The Malta Financial Services Authority (‘MFSA’) has announced[1] its partnership with the U.S. cybersecurity company CipherTrace Compliance Monitoring (‘CipherTrace’) in order to monitor and regulate the compliance of cryptocurrencies and virtual asset businesses licensed in Malta.  As a Supervisory Technology (‘SupTech’) tool, CipherTrace will facilitate MFSA’s management of money laundering and financing of terrorism risks associated with businesses operating in the sphere of crypto assets. 

Being founded in 2015 by Silicon Valley entrepreneurs, CipherTrace sought to develop cryptocurrency and blockchain tracing and security capabilities.  Its machine learning algorithms calculate and determine the levels of risk associated with suspicious transactions related to suspicious wallets and addresses.  MFSA Chief Executive Officer Joseph Cuschieri explained that CipherTrace “will provide the MFSA with powerful oversight tools to automate regulatory processes and audit the risk management of virtual asset businesses that are licensed in Malta”. 

The MFSA is currently in the process of vetting applications for virtual financial asset agents (VFAs).  Upon the registration of the VFAs, virtual asset businesses are expected to start submitting applications through their respective VFA to operate cryptocurrency exchanges, amongst other crypto related services. 

In addition to the extensive level of due diligence which VFAs will be legally obliged to perform, CipherTrace services will enable the tracking of crypto assets flowing through virtual asset businesses.  Joseph Cuschieri noted that the partnership with CipherTrace will “reduce fraud and detect transactions with illegal sources of funds”. 

Ultimately, the partnership between MFSA and CipherTrace may serve to instil and foster the indispensable level of trust which crypto transactions often lack, hence protecting banks, financial institutions and consumers alike.

[1] This was announced on 11th March 2019 via a press release:

<https://www.mfsa.com.mt/wp-content/uploads/2019/03/Press-Release-Ciphertrace-11.03.2019.pdf> accessed on 12th March 2019.

6 Mar 2019

Women of Influence

*This interview has been published in Maritime Economies newspaper.

1.Are there specific business sectors where women managers can lead?

I don’t believe that any business sectors should be exclusive to either men or a woman because such a system runs counter to gender inclusion and further inculcates gender bias. Moreover, I firmly believe that leadership qualities are not a matter of gender but a matter of aptitude. What is significant is that recent studies are confirming generic differences in leadership styles. Multi-tasking, productivity, consistency, managerial skills and the ability to adapt to new situations are the main characteristics of working women and these lead us to climb the corporate ladder. Organisations headed by women report greater team cohesion, more inclusive communication and more co-operative learning in challenging situations caused by conflict, functional diversity and relocation. This is because women put emphasis on collegiality and bonding. We have inherent qualities of empathy and emotional connection and more than focusing on competition we focus on team-work to better ourselves, others and our work. I also believe that we are better listeners. All this helps to create stronger and more motivated teams. There are studies demonstrating that companies with more women in executive positions attained significantly higher profitability on average than those with low representation. Having said this, I don’t think that all female leaders radiate such abilities or that male leaders lack them. Besides such skills can be taught and I feel that with the right training any organisation can nurture an atmosphere of belonging and where everyone learns from each other. Gender parity in the top management level can lead to thriving enterprises.

2.What is the role of women in today’s society?

Women in today’s society have certainly gained power and influence when compared to the women of yesterday. We have easier access to positions of power carrying substantial decision-making authority and our success in attaining leadership positions speaks volumes. Having said that, there is still far to go until a complete balance between the genders is achieved. According to the Global Gender Gap Report 2018, issued by the World Economic Forum, when it comes to political and economic leadership there is still a long way to go to reduce gender gaps.  Although it is fair to say that women, in the broadest sense have more freedom, this is not true in all cases because prejudice persists.

Women are an integral part of today’s society, and we no longer lag behind men in most study areas and occupations. Gender pay inequalities have been narrowing across the world. However, recent studies provide evidence that the gender pay gap exists because of motherhood. The studies note that childless women have earnings that are quite similar to men’s salaries, while mothers experience a significant wage gap.

I strongly believe that women’s inherent qualities allow for a full-time career and a family at the same time. Women are increasingly taking the reins in more and more companies worldwide and they have established their position as business leaders.

The achievements of women in the maritime industry, particularly in leadership roles, have been very well noted and the recruitment of more women has been encouraged. Despite ingrained stereotypes, there is a growing number of professional women in the maritime industry. The position of women in our society cannot be generalised as throughout the world women receive different amounts of respect. There has been a change but there is still room in eliminating inequality. ‘

3.How can we overcome the business challenges in the 21st century?

We live in rapidly changing times, especially for businesses, there are new opportunities, however, there are also new challenges. Globalisation, technology, borderless business environment, workforce diversity, compliance with all new regulations entering into force, are just a few of the challenges businesses face.  Recognising and overcoming the difficulties is essential for the growth of every enterprise. Flexibility, adaptability, training of employees, reorganisation, updating procedures and policies, amongst others, should assist companies to overcome the challenges and also grow and develop. Creativity and welcoming changes will help entrepreneurs to shape this new business landscape.

4.Can the ongoing crisis affect the economic viability of healthy enterprises?

Enterprises which act upon the opportunities and possibilities for change through innovation in the current volatile and uncertain business environment, will not only survive but they will successfully compete and even flourish in fluctuating economic conditions. Innovation i.e. being able to come up with new ideas to keep operations, products and services fresh is one of the keys to any successful business. In our firm, we quickly realised that in the current day economic scenario, innovation has become a major factor which leads to success and that out-of-the-box-thinking is important to generate new value and also sustain your business. At Gauci Maistre – Xynou (GMX Law Firm) innovation is at the centre of our way of doing things, in our corporate functions, business models and processes. Law firms must learn to innovate to remain competitive, survive in the ever-changing marketplace and ensure that the client’s professional needs are met.

21 Feb 2019

The Economicard Group celebrating 46 years of success

We are proud to be celebrating our 46th anniversary in 2019. Economicard Group of Companies offers a wide and diverse range of services. It was set up in 1973, offering a “cash discount card” service to the general public. The Group then moved on to offering travel and insurance services. Soon after, the Group diversified its services to shipping, finance and legal services.

John A. Gauci-Maistre K.M. is the founder and CEO of the Economicard Group of companies which embraces:

•             Economicard Worldwide Limited

•             GM International Services Limited

•             GM Corporate and Fiduciary Services Ltd

•             Gauci – Maistre Xynou (Legal | Assurance)

•             GM International Conferences and Exhibitions Limited

•             Estrestates Limited